Render

Long

Momentum

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Render token price sustained gains near the $10 mark throughout the month.</a> </li> 
 <li> <span>2</span> <a>Amidst the market recovery, the token halted its gains in the last few sessions.</a> </li> 
</ul>  
<p><strong>Render (RNDR) price </strong>took support at the 20-day EMA mark and stayed close to the $10 mark. For the past few sessions, the token remained in a range and witnessed range-bound moves.</p> 
<p>However, the token sustained a bullish trajectory and is above the significant moving averages. If the token breaches the neckline hurdle of $11.50, it will reach the supply region of $13 shortly.</p> 
<p>In a recent tweet by @Crypto Tony, the <strong>RNDR token price</strong> is near its range support mark of $9.80; below it, the bulls will lose their strength.</p> 
<center>
 <blockquote class="twitter-tweet">
  <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24RNDR&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$RNDR</a> / <a href="https://twitter.com/search?q=%24USD&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$USD</a> – Update <br><br>Hold $9.80 is key for the bulls. Losing that and i will close my short term long <a href="https://t.co/XKs3zZdeZp">pic.twitter.com/XKs3zZdeZp</a></p>— Crypto Tony (@CryptoTony__) <a href="https://twitter.com/CryptoTony__/status/1795883052318482667?ref_src=twsrc%5Etfw">May 29, 2024</a>
 </blockquote> 
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</center> 
<p class="has-text-align-center">Source: X</p> 
<p>At press time, the <strong><a href="https://www.thecoinrepublic.com/2024/05/22/render-price-is-going-up-will-rndr-crypto-reach-the-15-level/" target="_blank" rel="noreferrer noopener">Render </a>token price </strong>traded at $10.04 with an intraday drop of 1.23%, reflecting neutrality on the charts. It has a monthly return ratio of 28.38% and a yearly return ratio of 293.20%.</p> 
<h2 class="wp-block-heading" id="strong-could-render-price-skyrocket-above-the-12-mark-strong"><strong>Could Render Price Skyrocket Above the $12 Mark?</strong></h2> 
<p>After a sharp uptick of over 52% this month, the buyers have paused, with the price consolidating in the last few trading sessions. Still, the token trades are in an uptrend and look bullish.</p> 
<p>The bullish trend remained intact until the downside mark of $9.20 was not breached. Conversely, a sharp upsurge may be seen if the buyer succeeds in breaking the $12 mark.</p> <iframe loading="lazy" title="Santiment Chart: Price (RNDR), Volume (RNDR)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=celestia&amp;pt=TIA&amp;df=2023-11-29T18%3A29%3A59.784Z&amp;dt=2024-05-29T18%3A29%3A59.784Z&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bprice_usd%3Brender%3BRNDR%5D%3B%5B1%3Bvolume_usd%3Brender%3BRNDR%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe> 
<p class="has-text-align-center">Source: Santiment</p> 
<p>Amidst the crypto market recovery, <strong>Render price action </strong>conveys the range-bound moves and stays close to the crucial support mark. The Momentum Indicator (RSI) curve stayed in the overbought zone and witnesses a negative chart divergence.</p> 
<h3 class="wp-block-heading" id="strong-price-volatility-and-weighted-sentiment-outlook-strong"><strong>Price Volatility and Weighted Sentiment Outlook</strong></h3> 
<p>The price volatility curve spiked over 12% to 0.016, but the price remained narrow, which meant a dilemma among the investors.</p> <iframe loading="lazy" title="Santiment Chart: Price Volatility 1d (RNDR), Weighted sentiment (Total) (RNDR)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=celestia&amp;pt=TIA&amp;df=2023-11-29T18%3A29%3A59.784Z&amp;dt=2024-05-29T18%3A29%3A59.784Z&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bprice_volatility_1d%3Brender%3BRNDR%5D%3B%5B1%3Bsentiment_volume_consumed_total%3Brender%3BRNDR%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B" scrolling="no"></iframe> 
<p class="has-text-align-center">Source: Santiment</p> 
<p>The weighted sentiment data remained neutral and stayed below the midline region, noting around the -0.403 mark, which means the investors are not looking confident.</p> 
<h3 class="wp-block-heading" id="strong-render-rndr-popularity-on-the-decline-strong"><strong>Render (RNDR) Popularity on the Decline</strong></h3> 
<p>Since the beginning of this month, the social dominance value signified a decline and dragged to 0.287%, conveying the drop in volatility.</p> <iframe loading="lazy" title="Santiment Chart: Social Dominance (RNDR), Development Activity (RNDR)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=celestia&amp;pt=TIA&amp;df=2023-11-29T18%3A29%3A59.784Z&amp;dt=2024-05-29T18%3A29%3A59.784Z&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bsocial_dominance_total%3Brender%3BRNDR%5D%3B%5B1%3Bdev_activity%3Brender%3BRNDR%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22transform%22%3A%7B%22type%22%3A%22moving_average%22%2C%22movingAverageBase%22%3A42%7D%2C%22interval%22%3A%221d%22%7D" scrolling="no"></iframe> 
<p class="has-text-align-center">Source: Santiment</p> 
<p>Similarly, the development activity data slipped from the top and dragged over 45% to the 0.167 mark, revealing a neutral outlook.</p> 
<h3 class="wp-block-heading" id="strong-can-sellers-enter-renter-the-game-strong"><strong>Can Sellers Enter Renter the Game?</strong></h3> 
<p>The ongoing price action signifies that the token has stuck around the round mark of $10, and sellers are looking to push the token below the 20-day EMA to trigger a retracement move.</p> 
<h5 class="wp-block-heading"><strong>Futures OI Data Reveal Long Unwinding Move</strong></h5> 
<p>Following the price decline of over 1.80%, investors started booking profits, and long unwinding activity was noted.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img loading="lazy" decoding="async" width="1024" height="234" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-392-1024x234.png" alt="RNDR" class="wp-image-207397" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-392-1024x234.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-392-300x69.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-392-768x176.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-392-750x172.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-392-1140x261.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-392.png 1433w" sizes="(max-width: 1024px) 100vw, 1024px">
 </figure>
</div> 
<p class="has-text-align-center">Source: CoinGlass</p> 
<p>The open interest data dropped over 3.52% to $198.90 Million in the last 24 hrs, revealing the short-term retracement can be seen ahead.&nbsp;</p> 
<p>The immediate support levels for the Render token are $9.60 and $9, whereas the resistance zones are $11 and $11.80.</p> 
<h3 class="wp-block-heading" id="strong-what-s-the-next-move-for-render-rndr-strong"><strong>What’s the Next Move for Render (RNDR)?</strong></h3> 
<p>The Render token price saved gains near the $10 mark and might reflect a retracement toward the $9 mark in the upcoming sessions.</p>

RNDR Price Hovers Near $10: Can It Resume The Bull Run?

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